That’s desperate.
So many limits and restrictions, including getting ten gold a year, to cash out. I don’t see reddit having to give out much money here.
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schrute-bucks would have a higher exchange rate.
What’s the conversion to Stanley Nickles?
About three fiddy
What about Skibidi dollars?
God dammit, no, I said! You ain’t getting no tree fitty, you good-for-nothin’ Loch Ness Monster.
This is the best summary I could come up with:
“In the past, there were both paid and free coins that had been distributed, making it incredibly challenging,” spokesperson Tim Rathschmidt said.
With the introduction of the Contributor Program, thanking a kind stranger for giving you gold takes on a new meaning.
Part of what makes Reddit so useful is that most great posts aren’t made with an expectation of payment, meaning that people share their expertise, a handy tip, or a funny joke just because they want to.
I’m also worried that bad actors might find ways to abuse the Contributor Program to earn a quick buck without actually making meaningful contributions.
The Contributor Program is also rolling out starting Monday, and it will be available on the web and Reddit’s mobile apps.
While the protests across the site over the API pricing have largely died down, some users expressed their unhappiness toward CEO Steve Huffman during the recent run of the r/Place interactive canvas.
The original article contains 778 words, the summary contains 156 words. Saved 80%. I’m a bot and I’m open source!
So a platform that more heavily favours and incentivizes the information preferred and supported by those with expendable money.
Can we eat the rich yet?
Convenient (for them) that they start this only after destroying all the coins people earned over years of using the site. I had over 80k coins and 18 years of premium from various awarded posts (all OC) that they just threw away for nothing.
If they respected my contributions, I might be excited about this, but now I plan on contributing absolutely nothing of value ever again.
u/poem_for_your_sprog?
Seems to me it’s likely to make reposts more contentious and lead to more gaming of the voting system.
Reddit’s new Contributor Program will let you cash out gold given to your posts by other users in *real money.
*Reality may vary
I’m suddenly reminded of when people used to give out doge coins as a meme
Doge is awesome though, I made tens of dollars from it. 😁
I really enjoyed the Doge community 7 years ago. It wasn’t serious so the community was actually welcoming. I did make like 5k cause of the musky asshat.
I probably gave out 100k Doge on Reddit back in those days.
How is this supposed to actually make them money? Remember, third party apps died for their profit incentives.
Third party apps cost a lot in terms of server usage but contributed nearly nothing in terms of value. Money changing hands is normally very profitable. Way more than ads.
They contributed lots in terms of value, just not straight up cash value.
The only way to know how much of an impact third party apps made on their profit is if we can see their revenue / profit figures. Plus, it’s their own fault that their official app is so damn bad compared to apps made by solo devs.
It definitely acted as a drag. Every API request was a cost without a way to make money
The real problem is that investors piled into reddit and bloated it into an unsustainable pile of death without knowing how it could make money.
Now they’re squeezing it for cash and will slowly kill it as a result. But at the end of the day you can’t just have a free open API because websites do cost money.
IMO. The problem is that reddit priced to kill the apps in order to serve your shitty microtransactions and track you to death. They could have had a slimmer site and a more reasonable price for the API, and that would have been fair.
The value was the content provided for free by the people, the company ran ads against that content and are now trying to sell it to AI companies to train their models against.
Server costs money to run. Company has to make money or it’ll go out of business. Either the people making the posts have to pay or the people reading do.
And apparently Reddit wants to pay people for their content now anyways.
And apparently Reddit wants to pay people for their content now anyways.
I don’t think that’s because they want to.
Even if not a huge threat today, it’s pretty obvious that apps like Lemmy can completely replace Reddit for users. All Lemmy needs now is just enough critical mass of interactions like comments. Reddit has to come up with ways to keep people around because it’s core features are way too basic and replaceable.
I’m saying the people reading pay via ads, and outside companies pay for the content itself which breaks your false choice.
I’m not rehashing this again, but there were many ways to tweak things, such as serving ads to the apps through the api, to charging a small reasonable fee to 3rd party app users. Instead they killed off the other apps.
I’m guessing that they’ll sell Reddit Gold for money (or give subscribers a monthly stipend), then share a (small) portion of the money they made to contributors when they receive and then sell back said gold.
Reddit is so desperate for users they’re paying people to stay… but they don’t want to use their own money LOL
Lmao what a shitshow
Reddit is getting into money laundering I see.
Oh good. Now they’re literally paying the karma-farming bots to spam recycled and stolen content. That will surely end well.
More karma farming is going to happen.
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“Men of Reddit, do you prefer doggy style, missionary, or something else?” by u/BotTiddyGothGF | +34k / 869 comments | 2 hours ago
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Posts on Reddit will change a lot now.
Exactly my thoughts. People will start making the most exaggerated comments, seeking some money. I expect them to become like youtube covers and titles. Also, I expect the echo chamber effect to grow stronger.
But what if I am a 73 year-old quadriplegic, autistic, nonbinary Vietnam War veteran who was recently foreclosed upon and made homeless because my wife and son died when being T-boned by a drunk semitruck driver, leaving me without any assistance to pay the mortgage?
I need your charity, I swear.
^My mom won’t buy me a PlayStation unless I have all the money for it.^
